Helping start-ups grow and flourish

Their numbers have soared but founders face many challenges

A lunch crowd at Singapore's central business district, on March 29, 2019.
A lunch crowd at Singapore's central business district, on March 29, 2019.ST PHOTO: KELVIN CHNG

The number of start-ups has mushroomed over the past few years, but experts and company founders say they still face many challenges and that more needs to be done to support young enterprises.

Start-up numbers doubled from 22,000 to 40,000 between 2003 and 2017, according to Enterprise Singapore, with tech-based newbies increasing from 2,800 to 4,000. There are also around 100 incubators, accelerators and venture builders here now and 150 or more venture capital investors.

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A version of this article appeared in the print edition of The Straits Times on April 01, 2019, with the headline 'Helping start-ups grow and flourish'. Subscribe